Patent Properties, Inc. (OTCQB:PPRO), an intellectual property company
that develops and commercializes its unique portfolio of assets and is
creating a disruptive licensing solution for the mass market of patent
owners and users, today announced it has named Paul Citarella as its
Chief Technology Officer.

As CTO, Mr. Citarella will oversee the development of Patent Properties’
new patent licensing system, which will offer a digitally-driven
alternative to the litigation-based model for patent enforcement and
licensing, and will build the business and technology operational teams
required to operate the system post-launch.

“Paul brings over a decade of technology leadership to Patent
Properties, as well as an impressive history of mentorship and fostering
innovation,” said Jonathan Ellenthal, Vice Chairman and Chief Executive
Officer of Patent Properties. “He will play a critical role in the
development of our patent licensing system and we’re thrilled to welcome
Paul on board.”

Mr. Citarella joins Patent Properties from Jointli.com, where he was
founder and Chief Executive Officer, growing the company from a concept
to a social marketplace for co-owned luxury items. During this time, Mr.
Citarella also led an active consulting practice helping Fortune 100
companies rethink their approach to innovating in the digital space, and
playing a key role in the development of another soon-to-be-launched
consumer internet business managed as an incubated startup within a
large corporation. Mr. Citarella has also been an active participant in
the growing startup community in New York as a speaker, panelist,
advisor to other startups, and instructor at General Assembly, one of
New York’s premier startup incubators.

CIO, CTO & Developer Resources

Prior to his entrepreneurial endeavors, Mr. Citarella spent more than a
decade in a variety of pure technology roles ranging from software
engineer to technology executive. His most recent role was Director of
Enterprise Architecture and Technology Operations at Synapse Group, Inc.
(a Time-Warner company) where he was responsible for creating and
executing Synapse's strategic technology vision and overseeing a
full-service technology operations organization. While at Synapse, he
served on BEA System’s SOA 360 Customer Advisory Board, and received
Oracle Magazine's Architect of the Year award for his innovative use of
Oracle’s SOA product line.

“As a technologist, my interest lies in using technology to solve our
biggest and most challenging problems,” said Mr. Citarella. “Patent
Properties is on the cusp of a solution that could be a game changer for
patent licensing, a dysfunctional system plagued with inefficiency and
ineffectiveness. I'm excited to join the Patent Properties team and to
be working toward solving this critical issue.”

About Patent Properties, Inc.:

Patent Properties, Inc. (OTCQB:PPRO) will continue to develop and
commercialize its unique portfolio of intellectual property assets,
which were created by Walker Digital, LLC, the research and development
lab led by internationally recognized inventor and entrepreneur Jay
Walker, and will also introduce a disruptive licensing solution for the
mass market of patent owners and users. Mr. Walker is best known as the
founder of priceline.com and has twice been named by TIME magazine as
“one of the top 50 business leaders of the digital age.” All of the
patents owned by the company were developed internally by Walker
Digital, LLC, with Jay Walker as a named inventor on all issued patents
and the lead inventor on the vast majority. Additional information
regarding the company can be found at www.patentproperties.com.

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